Global Trade Alert
Global Trade Alert

Brazil: Duty reduction and establishment of an import tariff-rate quota for certain chemical and pharmaceutical products (August 2024)

Announcement

08 Aug 2024

In August 2024, the government of Brazil modified the List of Exceptions to the Common External Tariff (LETEC). The changes were introduced via an amendment of Annex V of GECEX Resolution No. 272 of November 2021.

 

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

1 in force

Implementation date

15 Aug 2024

Revocation date:

No revocation date

Import tariff

On 8 August 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) issued Resolution No. 628 eliminating the import duties on two products classified under the NCM codes 2931.49....

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Import tariff quota In force

On 8 August 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) issued Resolution No. 628 establishing a temporary import tariff-rate quota for chrome sulfates under NCM 2833....

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